Small Business Loans

Bank Statement loans, Small business loans, working capital loans, equipment loans, equipment refinance loans, and more are available from $5,000 to $150,000 quickly and easily for cash flow, expansions, advertising, inventory, taxes, equipment, or any reason against just your company’s sales, existing assets, or receivables, with realistic and very flexible credit requirements!

Why use alternative small business loan services?

  • Tough transactions are made routine through leaseback and bank statement loans program
  • Application is Fast and easy. Generally only a one page application.
  • Unsecured cash flow programs widely available!
  • Quick approval and funding process.   The revenue loan and gross sales loan are as fast as 2 to 3 business days.   The equipment refinance loans can be completed as
    quickly as 3 to 5 business days.
  • No upfront or processing fee.
  • Traditional programs have a high decline rate.   We have a high approval rate.
  • Your request will be handled by an experienced industry representative throughout the process.
  • You only have to be in business for 3 months for the business bank statement loan program.
  • Low credit scores accepted with no minimum credit scores for several programs.

Click below, or on our “Contact us” in the menu row at the top of the page and one of our highly experienced industry credit representatives will contact you to review your small business loans needs, funding options and immediately begin the funding process.

Call Toll Free: 855-787-1113  or Tel: 919-771-4177 today, or click here to Apply Today!

Small Business Loans Features:

  1. Sales Revenue based Cash Flow programs
    • All businesses have revenue and cash flow, which allows all businesses to pre-qualify.
  2. Asset Based program
    • Almost all businesses have either receivables, or equipment.    Medical equipment, construction equipment, machinery, industrial equipment and computer equipment can be used.

Frequently asked questions:

Question: Which of the small business loans does my business qualify for?

Answer: While the requirements may vary for each program, minimal requirements will allow you to pre-qualify for a number of programs.

Question: How much can we qualify for with one of these small business loans programs?

Answer:  The amount your business can qualify for depends on things such as business and personal credit, time in business, the amount of equipment owned, and the business’ gross sales.

Question: What if I need $100,000 instead of $50,000 and I only qualify for $50,000?  How can I get to the $100,000 total?

Answer: Since there are several funding programs available, you can get $50,000 under the first program funding, then get another $50,000 under a second program. If a customer wishes, they can get the first $50,000 under the equipment refinance program, then get the second $50,000 under the Gross Sales Program,  also known as the Bank Statement finance or Bank Statement lending program.

Question: Do you offer approvals that are just in the company name for which a guarantor is not required?

Answer: Yes, we offer what is referred to as “Corp Only” approvals. These are approvals for small business loans that are just in the company name. They are based on the time in business, business credit, and in some cases, bank statements or financial statements.  A business must have over 5 years in business, strong business credit and strong financials to qualify for this funding.

Sample Small Business Loans Transaction:

Reno Dental Associates requested $75,000 for remodeling and debt consolidation. They completed the online application including listing of their receivables and equipment, including Dental delivery stations, X-ray equipment and hand pieces.

Reno Dental was approved for $50,000 based on their equipment and time in business. Loan docs were E-Mailed to the customer. The customer return overnighted the original documentation. A final verbal phone verification was completed with the customer and funds were wired to the customer within 24 hours.

The customer still wanted more funding.  They provided their most recent 3 months business checking account statements and were approved for $30,000 based on their cash flow. Loan documents were E-mailed to the customer. The customer faxed back the completed loan documents. A final phone verbal confirmation was completed with the customer and funds were wired into their account within 48 hours. The customer obtained all the funding they needed.

Other advantages of our programs include significant tax advantages. Payments on the asset based loans may be 100% deductible. This program is set up in part as a lease which allows for this type of write off.

Assets are used as collateral but only a small part of the business owners assets are used for any transaction. In most cases, only a fraction of their equipment is used. This compares very favorably to most other programs for which either Real Estate, all of the company’s Accounts Receivables, or the entire assets of the business are held as collateral.

There are often significant tax advantages for the asset based program, comparable to the traditional home mortgage deduction. The equipment refinance is set up in part as a lease in many cases. This allows the customer to deduct the entire payment instead of just the interest portion of the payment. This give the customer additional options in lowering their net income figure.

Credit Corner – How valuable are Co-Signers? Co-signers are generally not as valuable to a loan application as most applicants think they are. The primary reason is that in many cases, co-signers are only offering their signature to help someone else obtain a loan. In these cases, the co-signer will not benefit from the loan, yet is taking a risk.   If the loan goes in arrears, the co-signer is looked at to repay the loan. In many of these cases, the co-signer is far less motivated to pay back funds that went to another person or another company. Lenders are well aware of this and often do not value co-signers as much as the owners or primary signers.

There are some exceptions to this. If the co-signer on one of the small business loans in the portfolio is the father or mother of the primary signer, or spouse of the primary signer, that often carries more weight than if they are not a close relative.    One exception to this is if the co-signer has a strong net worth.  If a Co-signer is offered and they have a strong net worth, then the lender will be more interested in accepting such a co-signer.    If a Co-Signer has a strong net worth and they want to back the primary signer, they should provide a personal financial statement.   This will make approval more likely and the borrowers may be able to negotiate better terms.

Small business loan resources

SBA Community Blog and Forum – Blog and Forums by the SBA, Small business administration. Questions can be asked and answers provided.

Learn more about the types of financing. Choose one of the funding categories to begin:

Thank you for visiting our small business loans resource page!

Market  Updates

Weekly and monthly ACH business merchant repayment is now available for both the merchant credit card working capital program and the ACH bank statement working capital program.   Businesses are approved based on the total deposits their business
makes each month and the average daily balance in the account.

If merchants can qualify under these programs, merchants can have a weekly or monthly repayment instead of a daily repayment. Going away from the daily repayment requirement can take a lot of pressure off the merchant’s daily cash flow.

In the past, only a daily repayment option has been available.  Merchants and businesses cash flow has been under pressure to meet the daily payment.

If a business merchant was approved for a $50,000 advance with a 12 month repay at a 1.33 rate factor, the daily repayment would be $263 per day.

With a weekly or monthly ACH business merchant repayment,  the repayment is as follows below:

$1,385 Weekly ACH Business repayment or weekly ACH merchant repayment
$5,541 Monthly ACH Business repayment or Monthly ACH merchant repayment

Toll Free: 855-787-1113 or Tel: 919-771-4177

Merchants still have to meet the total debt repayment.   There may be more flexibility in the repayment and term options.   If the business can qualify for weekly or monthly repayment,  they don’t have to review their cash flow each day to make sure they can handle the next day’s payment.

Extended weekly and monthly ACH business and merchant repayment choices
Weekly and monthly ACH business merchant repayment new term options

This will lower the daily burden on businesses.   It also prevents the chance each day of a check bouncing and having an NSF insufficient funds.  It can help a business from getting behind in only a few days with the daily repayment.  With the daily repayment a business may more quickly get itself into a cash flow problem it has a hard time getting out of.

To qualify for the weekly and monthly ACH business merchant repayment options, a business will need to have a longer time in business and more consistent cash flow.

Businesses that are seasonal, have inconsistent cash flow and have been in business for less than 1 year may prefer to choose the daily or weekly repay.   For those businesses, having the weekly or monthly repayment can lower the burden of having to make a much larger payment at the end of each week or each month.

Many businesses have good overall monthly cash flow, but low cash flow days during the month.    By setting a weekly and monthly ACH business merchant repayment, these businesses will be able to meet their repayment terms.   If they have one, two or even three low cash flow days each month, it will affect them much less with the weekly or monthly repayment.

Daily and monthly ACH business merchant repayment options
Make things easier on business cash flow with weekly and monthly ach business and merchant loans with extended repayment options

Businesses can easily calculate the different repayment terms.  Whether a business chooses a weekly ACH repayment option or a monthly ACH repayment option, the payment can be easily calculated.

Example:  A business is approved for a $100,000 “short term business advance” for 12 months.   The rate factor is 1.27.   The daily repayment is $504 (127,000 % 252).   The weekly and monthly repayment is calculated below.

Weekly repayment is $504 X 5.25 = $2,646.   The monthly repayment is $2,646 X 4 = $10,584.   The total repayment is $10,584 x 12 = $127,008.

Customers can look at the daily, weekly and monthly repayment terms to determine which one will work best for their business.   The programs available are numerous and will vary.  Business owners call in with many requests, asking for a “weekly ACH repayment loan”, “weekly repayment loan, “weekly cash advance loan”, “weekly repay cash advance loan”, “monthly repayment loan”, “monthly repayment business loan”, or “monthly ACH repayment loan.”

In other cases they will ask for a “weekly repayment business loan”.   Regardless of the request, there are numerous programs that can accommodate all of these requests.

03/26/2015 – For immediate release.   Piedmont landscaping in Atlanta, GA completes $250,000 weekly  merchant cash advance funding.   President Scott Brooks announced at the company’s monthly press conference.  This funding and it’s  weekly repayment terms gives Piedmont landscaping a number of flexible options to insure our expansion plans for the next several years.   This will include expanding into North Georgia, hiring employees, buying equipment and relocating operations to geographically meet demands.   We look forward to using this line in the future.”